- Managers of Wealth - Europe - Wealth, private banking and asset management news and opinion

FSA cancels Kent-based IFA over RMAR non-submission

He failed to submit his RMAR for the year ending December 2011 and has subsequently ignored “repeated requests” to do so, according to a final notice issued by the regulator.

German Banks Seek Delay to EU Implementation of Basel III

This makes the planned start date of the Basel III rules "unrealistic," as more than just one to two months' notice is needed to analyze the final text of the regulations and directives, to make changes to information technology systems, an

Adviser wins £260k VAT appeal against HMRC

Bloomsbury Wealth Management has won an appeal to have almost £260,000 in VAT repaid after a tax tribunal ruled the firm was providing services that were exempt from VAT.

Deutsche Bank internal Libor clears board

A Deutsche Bank internal investigation into Libor has found that two former traders may have been involved in colluding to manipulate the rates but said there was no indication of failure at the top of the organisation, Reuters reported.

Bankruptcy hasn't curbed luxury lifestyle of 'outsider' Sean FitzPatrick

His arrest at Dublin airport as he returned from a break in the US is just the latest sign that Sean FitzPatrick still enjoys a lifestyle way beyond the reach of most of those left to pick up the Anglo tab.

Six found guilty of operating insider dealing ring

The defendants will be sentenced on Friday 27th July 2012.

HSBC scandal erupts as British bank sector faces shake-up

HSBC last week apologised and its head of compliance David Bagley resigned after US lawmakers accused the London-based bank of failing to apply anti-laundering rules, benefiting Iran, terrorists and drug dealers.

British tax dodgers to be publicly named

For decades the British Trades Union Congress has been arguing that closing down avoidance opportunities for wealthy individuals and business would limit the need for public sector cuts.

Ex-Anglo Irish head held in fraud probe

He resigned from the bank in 2008 after the "inappropriate" failure to disclose €87m (£82m) in personal loans from the bank.

Treasury Committee instructs Devereux Chambers' Jonathan Fisher QC on Libor investigation

The Treasury Committee has turned to Devereux Chambers corporate and financial crime silk Jonathan Fisher QC to advise it on an investigation into the ongoing fallout from the Libor scandal.

Treasury Committee instructs Devereux Chambers' Jonathan Fisher QC on Libor investigation

It is his first such role and Fisher has been instructed to advise on both the civil and criminal enforcement issues relating to the inquiry.

UK Unveils New Plans To Tackle Tax Avoidance

Tax avoidance has become a hot topic in the UK recently, with the government keen to be seen as cracking down on the practice. Last month, a number of high profile celebrities were revealed as having participated in legal schemes including the 'K2&am

Firms could relocate back to Britain after tax change

WPP, the world’s biggest advertising group, has already committed to moving its company headquarters back to London from Dublin, and a slew of others are expected to follow suit.

Luxembourg Funds Probed by Belgian Tax Inspectors, De Tijd Says

De Tijd quoted Belgian Finance Ministry spokesman Francis Adyns as saying officials are investigating how some Belgians used the funds to avoid tax.

German courts take aim at Ecclestone

Bribery is a serious charge in Germany in which suspects are usually arrested but nevertheless, the 81-year-old British multi-millionaire has said he will attend this weekend's German Grand Prix at Hockenheim.

Legislators must force cultural change in financial services

The Panel has long argued that the defective culture of financial services organisations is at the root of misselling. Providers putting their own interests above those of the customer have characterised both the PPI and Libor scandals.

HSBC facing North Cyprus legal battle

The battle for land rights on the divided island has been the subject of intense legal battles for many years.

Majority of charity sector fraud 'going unreported'

It also questioned the effectiveness of the commission's investigations into fraud, adding that its efforts are limited to some extent by its budget.

Finance practice hires put Irwin Mitchell in ABS driving seat

The business legal services division is a cornerstone of the firm’s growth plan (20 April 2011), which is to attract external investment and build up a £50m warchest.

O’Melveny tightens Coller ties with $5.5bn fund closing

O’Melveny funds partner John Daghlian led the City team for the longstanding client on the fundraising, with the final closing announced last week.

Legal, Regulation & Compliance